Sounds great, but if a state or local govt did this, they'd be sued straightaway for a "takings" under the 5th Amendment.

There'd be an injuction, and the govt would probs lose later on merits.

Just write everyone a $4K monthly check, and they'd pay their bills. Problem solved. https://twitter.com/Ilhan/status/1247992743881834496

And the 2nd, 3rd, 4th order ramifications are dicey, even if the policy survives legal challenge.

There's a lessee, a lessor, and a lender to the lessor. The lender has probs securitized the mortgage. The mortgage-backed securities are held by many, including pension funds.

Just cut everyone a big check every month and call it a day.